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Rating:With Five Years Left of Buffett's Bet, Indexing Beats Hedge Funds of Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, December 11, 2013

With Five Years Left of Buffett's Bet, Indexing Beats Hedge Funds of Funds

News summary by MFWire's editors

With only five years left, it looks like the indexing mutual fund side of a famous bet is going to be out the hedge fund side. So the shadow of index funds isn't just tormenting active mutual fund shops.

In his latest column, Morningstar's John Rekenthaler highlights the halfway results of a bet famed investor Warren Buffett made with hedge fund shop Protege Partners in late 2007. Buffett bet $1 million (to be paid to charity by the loser) that the Vanguard 500 Index Fund [profile] would outperform a portfolio of five hedge funds of funds (HFOFs) picked by Protege. And though the decade-long bet is far from over, it looks like Buffett is way ahead.

"It's likely that Buffett's portfolio is now 30 percentage points ahead of the competition," Rekenthaler writes.

For more on the bet, read Rekenthaler's full column

Edited by: Neil Anderson, Managing Editor


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